5 Secret Keys to Success Used by Highly Successful People

1. Have a burning desire/dreams

In ten years’ time…

What kind of cars do you want to drive?
How many investment properties do you want to have?
Where do you want to be financially? Do you want to be better off or still in the same financial situation?

Knowing what you want out of life is the basis for creating—and achieving—your goals.

Once your goals are clear, write them down and pin them up somewhere prominent where you will see them and be reminded of them every day.

If you don’t know where you are going, how will you know when you get there (or don’t get there)? If you have no clear goals, then what are you focussing your efforts on? Or maybe you’re not applying effort at all… Without a goal, you have no focus. Without a goal, when we come across challenges, we are more likely to give up. But if your dream is clear and you are determined, you can conquer the challenges that come your way.

Everything in life happens twice—once in your thoughts, and once in your actions.

Make sure your goals are clear.

2. Associate with the right people

When you have set your goals, it’s important to start associating with people who have similar levels of goals.

Let’s picture six of your best friends. Estimate their income then work out their average income. That figure is likely to be the level of your income. And these friends’ current goals are likely to be at the same level as your goals.

But, if you have higher aspirations, you need to connect with people who have similar higher levels of goals.

Why is this important? Let me give you an example…

Your aunty lives nearby. She is unemployed. You tell your aunty that you want to be a property multi-millionaire. What does your aunt say to you? She tells you that you are a dreamer right? That you have your head in the clouds. What does this do to your conviction about being able to achieve your goals?

On the flip side, you might happen to have a wealthy friend say Robert, a very successful property investor. Robert visits your house and you tell him that you are going to be a multi-millionaire by investing in five properties over fifteen years. If Robert is a very successful property investor, what do you think he will say to you?

If you share your goals with people who have made it, they will tell you it’s possible for you to do it too. And if you share your dream with people who can’t comprehend your vision, they will say you are crazy.

The moral? It is very important to associate with people with the same interests, with like mindsets.

So, in order for you to successfully invest in properties, it pays to associate with people who are already successful property investors. Not only will they encourage you, but they can help to guide you along the road to success.

3.   Use leverage to create wealth

Everyone has twenty-four hours in their day. So how come some people make more money than other people?

Because it’s those who know how to leverage their money that make more money in the long term. Leveraging means using a little of your money to gain control of big money. And if that big money has a little movement, that gives you a big leverage on your money.

This is why real estate gives you the best leverage. You only need to put in 10% and the bank will lend you 90%. That means if you put $1 into real estate, the bank will lend you $9.

Why will the bank lend you so much on real estate? Because the bank studies risk and investing in real estate is low risk. Simple.

4.   Think of the long term

Property investment is for the long term. It is not a get-rich-quick scheme. You need to be patient and to wait for at least ten years to see the big returns. It’s all about doing something today for the better of tomorrow.

Historically in Australia over the last eighty years, property has doubled in value every 7-10 years. The reason behind this is inflation: Material costs goes up, population increases, land price increases, and labour costs go up. So, whatever you buy today, if history is to go by, the longer you hold on to the property, the more it goes up in value for you.

Don’t buy today and sell tomorrow. Don’t speculate. Buy today and hold on to your property for the long term.

5.   Take action

Knowledge is useless without taking action. So, whatever you learn, put it into practice.

You see this all around you. How many times have you been in a meeting where people have talked for hours, only for little action to come out of it?

Having ideas is great but if they stay in your head, nothing will get done.

Be clear about your dreams and goals. Be clear about how much you want to retire on and when you want to retire. Make a step-by-step plan which will get you where you want to be. Then, TAKE ACTION.

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